E commerce Payment Market to Grow at 10.8% of CAGR by 2024 | Top Key Players: Alipay, Tenpay, PayPal, Visa, MasterCard, China UnionPay, American Express, JCB, Discover.
E-commerce Payment is a transaction of buying or selling online. Electronic commerce payment draws on technologies such as mobile commerce, electronic funds transfer, Internet marketing, online transaction processing, electronic data interchange (EDI) and automated data collection systems. It has become increasingly popular due to the widespread use of the internet-based shopping and banking. Payment method security technology, payment customer experience are fast updating all the time. These are also the key features market players engaging to lead the run from all over the whole.
Some of the leading Companies incorporated in this Research are Alipay, Tenpay, PayPal, Visa, MasterCard, China UnionPay, American Express, JCB, Discover.
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According to this study, over the next five years the E-commerce Payment market will register a 10.8% CAGR in terms of revenue, the global market size will reach US$ 1455200 million by 2024, from US$ 786500 million in 2019.
However, this trend is not expected to continue in 2016, as a growth rate of 17.5% is forecast, which would result in a global E-commerce turnover of $2,671bn. Even though this growth rate is still significant, its decrease can be seen as a first sign of the global E-commerce market becoming more mature.
In comparison with last year, China’s ecommerce market grew significantly faster than the one of the US. Compared to 2016, Chinese ecommerce sales grew by 27.2%, while in the US it grew by 8.99 %.For 2017 as well, the Chinese E-commerce market is expected to increase much faster than the American one (24% vs. 9%). As a result, it will continue to increase its lead even further.
This study considers the E-commerce Payment value generated from the sales of the following segments:
Segmentation by product type:
Cash on delivery
Segmentation by application:
Reports Monitor is a methodical effort to gather information about the targeted market which is E commerce Payment. It is a very significant part of a business strategy. The term is often used in resemblance to marketing research; but specialized Market research is one of the major factors used to maintain competitiveness over competitors.
Why Global E commerce Payment market 2019 Research Report?
Market research presents significant information which helps to -
Recognize and examine the needs of the market, the market size, and the competition.
Market-research techniques cover both qualitative techniques such as -
Quantitative techniques like -
analysis of secondary data.
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